US EditionBoJ's Ueda reiterates further hikes if baseline holds, flags three uncertainties - Action Forex
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TOKIO.— Kazuo Ueda stated that inflation in Japan is on track to achieve the bank’s objective in a sustained manner, but warned about global uncertainties that could deter companies from raising wages, leaving him free to decide whether to raise interest rates in October. Ueda reiterated the central bank’s determination to continue raising the still low interest rates if the economy and prices behave according to his projections. However, he poi…
BoJ's Ueda reiterates further hikes if baseline holds, flags three uncertainties - Action Forex
BoJ Governor Kazuo Ueda said in a speech today that Japan’s real interest rates remain “significantly low,” and if the Bank’s baseline scenario holds, policy rates will continue to rise. He highlighted that rising labor shortages and firmer medium- to long-term inflation expectations should eventually push underlying CPI toward 2% in the second half of […] The post BoJ’s Ueda reiterates further hikes if baseline holds, flags three uncertainties …
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